Overall, XM is considered a safe broker and trustworthy broker. XM offers a minimum deposit of only $1 and well-researched educational material. XM has 24/5 customer support with a user-friendly copy trading option. XM has a high trust score of 93 out of 99.
XM at a Glance
| π Broker's Name | XM.com |
| ποΈ Headquarters | UK |
| π Year Founded | 2009 |
| βοΈ Regulating Authorities | FCA, IFSC, CySec, ASIC |
| FSC No | license number 000261/158 |
| π Countries not accepted for trade | United States |
| Account Types | Micro Account; Standard account; Ultra Low Account; Shares Account |
| π Bonus | Yes, $30 / R480.00 ZAR |
| π Demo Account | Yes |
| π Fees | R63 ZAR / $3.50 |
| π Spreads | spreads from 0.6 to 1.7 pips |
| π Commission | commission-free trading depending on account selected |
| β΄οΈ Institutional Accounts | No |
| π¨πΌβπΌ Managed Accounts | No |
| β¬οΈ Maximum Leverage | 1:1000 |
| π° Minimum Deposit | $5 /R80 ZAR |
| π³ Deposit Options | Bank Wire Transfer Local Bank Transfer Credit/Debit Cards Neteller Skrill, and more. |
| π³ Withdrawal Options | Bank Wire Transfer Local Bank Transfer Credit/Debit Cards Neteller Skrill, and more. |
| π Platform Types | MetaTrader 4 and MetaTrader 5 |
| πΆ OS Compatibility | Web browsers, Windows, MacOS, Linux, Android, iPhone, tablets, iPads |
| π Tradable assets offered | Forex, commodities, cryptocurrency, shares, indices, metals, energies, options, bonds, CFDs, and ETFs |
| π¬ Languages supported on Website | 23 Languages |
| π¬ Customer Support Languages | 23 Languages |
| β²οΈ Customer Service Hours | 24/5 |
| π Open an Account | π Click Here |
Min Deposit USD 5 Regulators IFSC, FCA, CySEC, ASIC Trading Platform MT4, MT5 Crypto Yes Total Pairs 55+ Islamic Account Yes Trading Fees Low Account Activation 24 Hours
XM Review β 25 key points quick overview:
XM at a Glance- XM Overview
- XM Safe or a Scam?
- XM Awards
- XM Leverage
- XM Accounts
- XM Account Overview
- How to Open an XM Account β Step-by-Step Guide
- XM Market Instruments
- XM Fees
- XM Deposit and Withdrawal
- XM Trading Platforms
- XM Sign-Up Bonus
- XM vs NAGA vs eToro β A Comparison
- XM Current Popularity Trend
- XM Pros and Cons
- Best Countries by Traders
- XM Customer Reviews β TrustPilot
- XM Customer Support
- XM Education
- XM Rebate Program
- XM Conclusion
- Disclaimer
- XM Risk Management
- Frequently Asked Questions
XM at a GlanceXM Overview
XM.com is a leading online global broker that was founded in 2009 and headquartered in Cyprus. XM operates in South Africa as well.
XM.com has since grown to become a large and well-established international investment firm and a true industry leader with more than 2 500 000 clients from 196 countries.
XM.com is a leading broker in the Foreign Exchange Market and the company accepts traders from Australia, Thailand, the United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, and most other countries except the United States, Canada, Israel or Iran. The Foreign Exchange market is one of, if not the most liquid market in the world.
Did you know: XM Brokeris also known as XM Global, XM Markets, XM Group, or XM Broker?
XM.com is operated by more than 450 professionals with years of experience in the financial industry and this, combined with the resources and support for well over 30 languages, makes XM.com a broker of choice for traders of all levels.
XM.com offers more than 25 secure payment methods, 16 full-feature trading platforms, and 24/5 personal customer service.
More than 99 % of all XM.com orders are executed in less than a second, with no re-quotes or rejections. Their clients benefit from Negative Balance Protection, so they are never at risk of losing more than their account balance.
XM Safe or a Scam?
One of the best means of measuring the safety of a broker like XM Global is to establish which regulating authorities are watchdogs over its actions.
XM Group is licensed by ASIC in Australia (Trading Point of Financial Instruments Pty Limited), the IFSC in Belize (XM Global Limited), and by CySEC in Cyprus (Trading Point of Financial Instruments Ltd).
XM.com is globally renowned, with clients from over 196 countries and staff speaking more than 30 languages. XM.comβs management has visited over 120 cities globally in the quest to understand clientsβ and partnersβ needs.
XM.com clients can choose to trade forex and CFDs on stock indices, commodities, stocks, metals, and energies from the same trading account. Their wide range of trading instruments available from a single multi-asset platform XM makes trading easy and efficient.
There are no hidden terms at XM.com, whether you look at pricing, execution, or promotions.
All their systems are built and updated with the clientβs welfare in mind. The account opening procedure, managing your account, depositing or withdrawing funds and trading are all straightforward and simple.
Min Deposit USD 5 Regulators IFSC, FCA, CySEC, ASIC Trading Platform MT4, MT5 Crypto Yes Total Pairs 55+ Islamic Account Yes Trading Fees Low Account Activation 24 Hours
XM Awards
XM has won many awards over the years, here are some of XMβs best awards won:
- The Best Crypto CFDs awarded by Financial Expo Egypt 2022
- Best FX Service Provider awarded by City of London Wealth Management Awards 2022
- Best CFDs Broker in MENA Region awarded by Forex Expo Dubai 2022
- Global Forex Broker of the Year awarded by Global Forex Awards 2022 β Retail
- Best FX Broker Europe awarded by World Finance Forex Awards 2022
- Most Transparent Broker awarded by CFI.co 2022
- Best FX Broker Middle East awarded by World Finance Forex Awards 2022
- Most Trusted Asian Forex Broker awarded by Global Forex Awards
- Best Broker awarded by FinTech Age Awards
- Best Forex Trading Platform 2022 awarded by Online Money Awards 2022
- The Best Mobile App awarded by Financial Expo Egypt 2022
XM Leverage
Leverage is a facility that enables you to get a much larger exposure to the market youβre trading than the amount you deposited to open the trade.
Leveraged products, such as forex trading, magnify your potential profit β but also increase your potential loss.
The leverage amount is expressed as a ratio, for instance, 50:1, 100:1, or 500:1. Assuming that you have $1,000 in your trading account and you trade ticket sizes of 500,000 USD/JPY, your leverage will equate to 500:1.
| π Leverage | π Total Equity |
| 1:1 to 1:1000 | $5 β $20,000 |
| 1:1 to 1:200 | $20,001 - $100,000 |
| 1:1 to 1:100 | $100,001 + |
Margin is the amount of collateral to cover any credit risks that may arise during your trading operations. It is expressed as the percentage of position size (e.g. 5% or 1%), and you have to have funds in your trading account to ensure sufficient margin.
For example, on a 1% margin, a position of $1,000,000 will require a deposit of $10,000. The margin level in a trading account needs to be equal to or more than 100% to be able to open new trades, otherwise, your trading account will be fully hedged.
Depending on the instrument, the leverage can range from 2:1 to 30:1. This is flexible, and XM Global offers its clients the chance to manage their own leverage risk.
Margin requirements remain constant throughout the week and never widen at weekends or at night. This leverage applies to clients registered under the EU-regulated entity of the group.
XM Accounts
XM provides traders with competitive and comprehensive trading conditions, tailored to the needs of various traders despite their level of experience, skill, and knowledge. XMβs trading conditions are spread across four dynamic account types.
Often, the number and type of accounts that a trader can open with a broker company differ depending on the country in which it operates and the regulatory authorities under whose jurisdiction it falls.
| π Accounts | β Micro Account | β Standard Account | β Ultra Low Account | β Shares Account |
| Base Currency Options | USD, EUR, GBP, JPY, CHF,β AUD, HUF, PLN, RUB, SGD, ZAR | USD, EUR, GBP, JPY, CHF,β AUD, HUF, PLN, RUB, SGD, ZAR | EUR, USD, GBP, AUD, ZAR, SGD | USD |
| Contract Size | 1 Lot = 1,000 | 1 Lot = 100,000 | Standard Ultra: 1 Lot = 100,000 Micro Ultra: 1 Lot = 1,000 | 1 share |
| Leverage | 1:1 to 1:000 ($5 β $20,000) 1:1 to 1:200 ($20,001 - $100,000) 1:1 to 1:100 ($100,001 +) | 1:1 to 1:1000($5 β $20,000) 1:1 to 1:200 ($20,001 - $100,000) 1:1 to 1:100 ($100,001 +) | 1:1 to 1:1000($5 β $20,000) 1:1 to 1:200 ($20,001 β $100,000) 1:1 to 1:100 ($100,001 +) | No Leverage |
| Negative balance protection | βοΈ | βοΈ | βοΈ | βοΈ |
| Spread on all majors | As Low as 1 Pip | As Low as 1 Pip | As Low as 0.6 Pips | As per the underlying exchange |
| Commission | β | β | β | βοΈ |
| Maximum open/pending orders per client | 300 Positions | 300 Positions | 300 Positions | 50 Positions |
| Minimum trade volume | 0.1 Lots (MT4) 0.1 Lots (MT5) | 0.01 Lots | Standard Ultra: 0.01 Lots Micro Ultra: 0.1 Lots | 1 Lot |
| Lot restriction per ticket | 100 Lots | 50 Lots | Standard Ultra: 50 Lots Micro Ultra: 100 Lots | Depending on each share |
| Hedging allowed | βοΈ | βοΈ | βοΈ | β |
| Islamic Account | Optional | Optional | Optional | Yes |
| Minimum Deposit | 5$ | 5$ | 5$ | 10,000$ |
| Open an Account Today | π Click Here | π Click Here | π Click Here | π Click Here |
In the case of XM.com, they offer trading accounts with exceptional conditions.
XM Account Overview
Micro Account
- Base currencies include USD, EUR, GBP, JPY, CHF, AUD, HUG, PLN, RUB, SGD, and ZAR.
- Contract size where 1 lot = 1,000.
- Spreadsfrom as low as 1 pip.
- The minimum trade volume of 0.01 lots when using MT4 and 0.1 lots whenusing MT5, and
- Lot restriction of 100 lots per ticket.
| π Accounts | β Micro Account |
| Base Currency Options | USD, EUR, GBP, JPY, CHF,β AUD, HUF, PLN, RUB, SGD, ZAR |
| Contract Size | 1 Lot = 1,000 |
| Leverage | 1:1 to 1:1000 ($5 β $20,000) 1:1 to 1:200 ($20,001 - $100,000) 1:1 to 1:100 ($100,001 +) |
| Negative balance protection | βοΈ |
| Spread on all majors | As Low as 1 Pip |
| Commission | β |
| Maximum open/pending orders per client | 300 Positions |
| Minimum trade volume | 0.1 Lots (MT4) 0.1 Lots (MT5) |
| Lot restriction per ticket | 100 Lots |
| Hedging allowed | βοΈ |
| Islamic Account | Optional |
| Minimum Deposit | 5$ |
| Open an Account Today | π Click Here |
Standard Account
- Base currencies include USD, EUR, GBP, JPY, CHF, AUD, HUG, PLN, RUB, SGD, and ZAR.
- Contract size where 1 lot = 1,000.
- Spreads from as low as 1 pip.
- The minimum trade volume of 0.01 lots, and
- Lot restriction of 50 per ticket.
| π Accounts | β Standard Account |
| Base Currency Options | USD, EUR, GBP, JPY, CHF,β AUD, HUF, PLN, RUB, SGD, ZAR |
| Contract Size | 1 Lot = 100,000 |
| Leverage | 1:1 to 1:1000 ($5 β $20,000) 1:1 to 1:200 ($20,001 - $100,000) 1:1 to 1:100 ($100,001 +) |
| Negative balance protection | βοΈ |
| Spread on all majors | As Low as 1 Pip |
| Commission | β |
| Maximum open/pending orders per client | 300 Positions |
| Minimum trade volume | 0.01 Lots |
| Lot restriction per ticket | 50 Lots |
| Hedging allowed | βοΈ |
| Islamic Account | Optional |
| Minimum Deposit | 5$ |
| Open an Account Today | π Click Here |
XM Ultra-Low Account
- Base currencies include EUR, USD, GBP, AUD, ZAR, and SGD.
- Contract sizes as per standard ultra of 1 lot = 100,000 and micro ultra of 1 lot = 1,000.
- Spreads from as low as 0.6 pips.
- Minimum trade volume on standard Ultra of 0.01 lots and on micro ultra of 0.1 lots, and
- Lots restriction per ticket of 50 lots on standard ultra and 100 lots on micro ultra.
| π Accounts | β Ultra Low Account |
| Base Currency Options | EUR, USD, GBP, AUD, ZAR, SGD |
| Contract Size | Standard Ultra: 1 Lot = 100,000 Micro Ultra: 1 Lot = 1,000 |
| Leverage | 1:1 to 1:1000 ($5 β $20,000) 1:1 to 1:200 ($20,001 β $100,000) 1:1 to 1:100 ($100,001 +) |
| Negative balance protection | βοΈ |
| Spread on all majors | As Low as 0.6 Pips |
| Commission | β |
| Maximum open/pending orders per client | 300 Positions |
| Minimum trade volume | Standard Ultra: 0.01 Lots Micro Ultra: 0.1 Lots |
| Lot restriction per ticket | Standard Ultra: 50 Lots Micro Ultra: 100 Lots |
| Hedging allowed | βοΈ |
| Islamic Account | Optional |
| Minimum Deposit | 5$ |
| Open an Account Today | π Click Here |
Shares Account
- Minimum deposit of $10,000
- The base currency of this account is solely USD.
- The contract size is 1 share.
- There is no leverage provided on this account.
- The spread is according to and as per the underlying exchange.
- Commission charges on this account range between $1 and $9 depending on the underlying exchange and the individual share.
- The maximum open and/or pending orders per client is restricted to 50 positions.
- The minimum trade volume on this account is one lot, and
- The lot restriction per ticket depends on each individual share.
- Hedging is not allowed on this account.
| π Accounts | β Shares Account |
| Base Currency Options | USD |
| Contract Size | 1 share |
| Leverage | No Leverage |
| Negative balance protection | βοΈ |
| Spread on all majors | As per the underlying exchange |
| Commission | βοΈ |
| Maximum open/pending orders per client | 50 Positions |
| Minimum trade volume | 1 Lot |
| Lot restriction per ticket | Depending on each share |
| Hedging allowed | β |
| Islamic Account | Yes |
| Minimum Deposit | 10,000$ |
| Open an Account Today | π Click Here |
XM Demo Account
XM offers traders the option of opening a Demo Account on either the Standard or the XM Ultra-Low Account which can be utilized in various ways, including, but not limited to the following:
- A practice account for beginner traders who wish to improve their trading skills and experience in a risk-free environment using virtual funds.
- Traders who are evaluating and comparing brokers who would like to explore XMβs trading conditions in a risk-free environment, and
- Traders who wish to test their trading strategies in a mimicked live trading environment without risking their capital.
XM Islamic Account
The purpose of an Islamic Account is that it caters specifically to Muslim traders who strictly follow Sharia law. The law prevents its followers from paying any type of interest, such as overnight fees, which is seen as wasteful or exploitive.
Overnight fees are charged should traders hold positions open for longer after the trading day has concluded and this type of account allows exemption from such fees or interest, should they hold positions open for longer.
XM offers the option of an Islamic Account on all of the account types offered and whereas brokers would charge extra fees on such accounts, XM however does not waive extra fees on Muslim Traders who have possession of this type of account.
How to Open an XM Account β Step-by-Step Guide
1.Step 1: Click on the βstart with $30 freeβ button to start the process of opening an account.
You can click on the green βOpen a live Account Hereβ button located on the brokersβ webpage.
2.Step 2: Enter your personal details.
The applicant will be required to complete an application form by using their first name and surname as they are displayed in the applicantβs identity document.
3.Step 3: Complete Registration.
The applicant will be required to complete sections of information, including Personal details, Investor information, Trading Knowledge, and Experience.
XM Market Instruments
XM broker offers a wide range of instruments for trading across various financial markets. Here are the main instruments available on XM broker:
Forex:
XM broker provides access to over 55 currency pairs, including majors, minors, and exotics.
Stocks:
You can trade stocks from major stock exchanges around the world, including the NYSE, NASDAQ, LSE, and more.
Commodities:
XM broker offers trading in precious metals such as gold and silver, energy commodities such as oil and natural gas, as well as agricultural commodities such as corn and wheat.
Indices:
You can trade popular stock indices such as the S&P 500, NASDAQ 100, FTSE 100, DAX 30, and many others.
Cryptocurrencies:
XM broker allows trading in several cryptocurrencies such as Bitcoin, Ethereum, Litecoin, Ripple, and more.
Min Deposit USD 5 Regulators IFSC, FCA, CySEC, ASIC Trading Platform MT4, MT5 Crypto Yes Total Pairs 55+ Islamic Account Yes Trading Fees Low Account Activation 24 Hours
XM Fees
Due to its global presence, XM.com may offer various account types that may differ according to the regulated entity to which it complies, therefore clients may experience different fee structures too, according to their country or place of residence.
| π Account | Fees, Spreads & Commissions |
| π Micro Account | minimum deposit of $5, leverage from 1:1 to 1:1000, spreads from as low as 1 pip, and zero commissions. |
| π Standard Account | minimum deposit of $5, leverage from 1:1 to 1:1000, spreads from as low as 1 pip, and zero commissions. |
| π° XM Ultra-Low Account | minimum deposit of $50, leverage from 1:1 to 1:1000, spreads from 0.6 pips, and zero commissions. |
| π¦ Shares Account | minimum deposit of $10,000, no leverage and commissions charges as per the underlying exchange from $1 up to $9. |
Applicable fees, including the Minimum deposit, are set out on the related pages of their website, but in general, there are no hidden fees or commissions, with all e-wallets 100% covered, all major credit cards 100% covered and wire transfers above 200 USD covered.
XM Deposit and Withdrawal
XM.com offer the following payment methods for clients to fund their accounts: Credit cards, Bank Transfer, Payoneer, Neteller, and UnionPay.
Deposits can be made in any currency and will be automatically converted into the currency selected as your base currency when opening the account.
All withdrawals are processed within 24 hours and users of XM Card or any eWallet methods will receive their money on the same day the request has been processed. Wire Transfer and credit or debit card users will have to wait 2-5 working days.
The minimum withdrawal amount is $5 / R 80.00 ZAR .
| π Accounts | π Micro Account | π Standard Account | π XM Ultra Low Account | π Shares Account |
| π³ Minimum Deposit (ZAR/R) | R80 | R80 | R80 | R160 000 |
| π΅ Minimum Deposit (USD/$) | $5 | $5 | $5 | $10 000 |
| π Open an Account | π Click Here | π Click Here | π Click Here | π Click Here |
To withdraw funds, click the βWithdrawalβ button on the My Account page. After logging in to your account, click βWithdrawalβ on the menu, select the withdrawal method similar to the deposit method, and enter the amount you wish to withdraw.
XM Trading Platforms
A forex trading platform is in essence the software provided by XM Marketsto its clients to carry out their trades.
A multi-asset trading platform is one that allows clients to trade forex but other asset classes, including CFDs on stocks, stock indices, precious metals, and cryptocurrencies as well.
The decision of which platform to choose will always depend on what a client would like to trade.
XM.com offers two families of trading platforms: The MT4 family of platforms and the MT5 family of platforms, which also includes the XM WebTrader.
These platforms are available for Windows or Mac applications, browser-based (web-based) non-downloadable applications, and applications for your smartphones.
XM.com offers forex trading (currency trading) on all these platforms. Clients can select the trading platform of their choice after they have chosen the trading account that meets their needs during registration.
| π Platform | π₯ MT5 | π₯ MT4 |
| β Timeframes | 21 | 9 |
| βοΈ Tech. Indicators | 38 | 30 |
| π Analytical Objects | 44 | 31 |
| β Economic Calendar | βοΈ Yes | β No |
| π Platform Speed | 64 bit | 32 bit |
| π» Order Execution | Market Execution | Market Execution |
| π Pending Order Types | 6 | 4 |
| π Hedging | βοΈ Yes | βοΈ Yes |
| βοΈ Strategy Tester | Multi Threaded | Single Thread |
The XM MT5 offers all the features of MT4 and 300 additional stocks (shares) CFDs, making it the ideal multi-asset platform.
Traders can practice their skills by opening up to five demo accounts with XM.com.
The process requires the traderβs personal details, country of residence, phone and email, preferred language and preferred trading account and trading platform details, as well as account base currency, leverage and investment amount.
It is easy and quick to complete registration for a live account too. Clients should complete the form using English alphabet characters with their first name and surname as displayed in their identity document.
They also need to provide details regarding their country of residence, preferred language, phone and e-mail and preferred trading account and platform details.
An existing XM.com Real Account holder can register an additional account through the Members Area with one click and no additional validation.
XM Sign-Up Bonus
| π Broker | π₯ XM |
| π Deposit Bonus | β Yes |
| 1οΈβ£ Tier-1 Bonus % | 50% |
| π Tier-1 Bonus Amount | Up to $500 USD |
| 2οΈβ£ Tier-2 Bonus % | 20% |
| π Tier-2 Bonus Amount | Up to $4500 USD |
| βοΈ Available | MT4 / MT5 Accounts |
| β Not Available | Ultra Low Account |
| π³ Withdrawable Bonus | No |
| π Open an Account | π Click Here |
XM does offer a two-tier deposit bonus. TheXM deposit bonusis structured as a +50% bonus up to $500 USD. The minimum deposit amount required to open anXM trading accountis $5 USD.
XM vs NAGA vs eToro β A Comparison
| π Broker | π₯ NAGA | π₯ eToro | π₯ XM.com |
| π Established | 2015 | 2007 | 2009 |
| π Headquarters | Cyprus.UK | Cyprus.UK | Cyprus.UK |
| πMinimum Deposit | $250 /R 4000 ZAR | $10 / R160 ZAR | $5 USD / R 80 ZAR |
| π Demo account | Yes | Yes | Yes |
| π Islamic account | Yes | Yes | Yes |
| π Forex (Currency) | Yes | Yes | Yes |
| π Platforms | MT4, MT5, Desktop platform, Web platform, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac |
| π» Live Chat | Yes | Yes | Yes |
| π STP broker (STP) | Yes | Yes | Yes |
| π± Bitcoin | Yes | No | No |
| π°Risk Warning | Your capital is at risk | 67% of retail investor accounts lose money when trading CFDs with this provider. | Losses can exceed deposits |
XM Current Popularity Trend
According to Google Trends, here is an overview of how frequently the search term β βXM.comβ is entered into Googleβs search engine over a given period of time
XM Pros and Cons
| βοΈ Pros | β Cons |
| Licensed and Regulated (ASIC, Cyprus Securities and Exchange Commission & IFSC)No banking license | No banking licence |
| Tight spreads available | Increased spreads on the Micro and Standard accounts |
| 55+ Currency pairs to trade with | No 24/7 Customer support |
Best Countries by Traders
| π Country of Trade | π % of Traders |
| π₯ Thailand | 32.45% |
| π₯ South Africa | 10.96% |
| π₯ Columbia | 9.27% |
| π₯ Egypt | 5.45% |
| π₯ Philippines | 5.14% |
| π₯ Others | 36.73% |
XM Customer Reviews β TrustPilot
Best to use so far
I have a good experience with this broker (in 2 years)
No problem with withdrawals/deposits (they let you to withdrawal back to the bank account you used to deposit with)
The best and the fastest customer support.
A lack of deposit methods.
Best Broker (Bonuses, Withdraws, Costs and Support)
Xm is a good broker in terms of withdraws, customer support and bonuses (only broker offering bonuses without strings attached). This broker should just improve on their spreads (i am sure at that moment everyone will join XM), otherwise everything else is fantastic. Would also be nicer if it registers with Trading view. I MUCH MORE LOVE THE FACT THAT WITHDRAWS OF UP TO $300 U PAY THE WIRE FEES ON CLIENTS BEHALF
Good for starters
One of the best brokers to start your forex journey. I think most newbies have tried this broker due to their heavy marketing. So far they have honored all my profit withdrawals without any problems. Customer support is very good and platform are good too. My only tips for this broker is DO NOT involved in any of their bonuses, schemes, IB and so forth. Just plain straight trading and you will be fine. Applies to all brokers.
XM Customer Support
Potential traders need to make sure the broker company they choose will offer support and help whenever they may need it. In the case of XM.com, they offer 24/5 hour live help by a professional Customer Support department. A comprehensive FAQ page provides you with guidance and answers at any time and within minutes. If you canβt find answers on this FAQ page, you can contact XM.com via their email address or live chat.
XM Education
Before starting to trade, potential clients of XM.com should avail themselves of all possible information and trading skills needed to be successful in the world of forex and commodity trading.
If the XM.com website itself does not provide enough means, a trader should explore other informative websites and means to obtain that knowledge.
Traders can enjoy live education on Business days β Monday to Friday 05:00 β 15:00 GMT English and learn about the offered products and services, get questions answered by the hosts and enter daily competitions to win exclusive prizes.
XM.com also offers educational videos specially designed to teach all viewers everything they need to know for a successful trade.
The Primary video series is free to view by everyone interested in online trading, while access to the Intermediate video tutorials is only available for clients with a real account. Forex Webinars are offered in 19 Languages, seven days a week, by 42 webinar instructors. A large selection of languages makes this video series available to a large number of traders across the globe, including African traders.
Platform Tutorials provide users with more answers and Forex Seminars explain the foundations of technical analysis and how they are applied to intraday trading.
Min Deposit USD 5 Regulators IFSC, FCA, CySEC, ASIC Trading Platform MT4, MT5 Crypto Yes Total Pairs 55+ Islamic Account Yes Trading Fees Low Account Activation 24 Hours
XM Rebate Program
The XM rebate program is designed to reward clients for their trading activity by offering them a portion of the spread or commission paid on their trades as cash back.
Under the XM rebate program, clients can receive up to 50% cash back on their trades, depending on their trading volume. The more a client trades, the higher the cash rebate percentage they can earn. The cash rebate is calculated on a daily basis and credited to the clientβs account on a monthly basis.
To participate in the XM rebate program, clients must first sign up for an XM trading account and then join the XM Loyalty Program. Once enrolled in the program, clients can earn cash rebates on their trades, as well as other loyalty rewards such as credit bonuses, free VPS services, and access to exclusive trading tools and resources.
Itβs worth noting that rebate programs are not unique to XM and are offered by many other forex brokers as well. If youβre considering using a forex rebate program to earn cash back on your trades, be sure to research the programβs terms and conditions to ensure that itβs a good fit for your trading needs and goals.
SAShares offers a 30% rebate on all trades.
XM Conclusion
Overall, XM.com is considered a safe, trustworthy broker with average risk with spreads as low as 0.6 pips, leverage ranging from 1:100, and a trust score of 84 out of 99. XM Group doesnβt operate a bank and is not publicly traded but is authorized by two tier-1 regulators (high trust)
XM.com can be summarily described as a worthwhile company for potential traders, retail traders, experienced traders, or professional traders, knowing that they approach your needs with openness to cultural, national, ethnic, and religious diversity.
Their advanced trading platforms and flexible trading conditions suit a diverse global clientele. Their expertise is due to extensive experience and knowledge of the global financial markets
Disclaimer
XM.com warns all potential customers that Forex and CFDs trading always carries a high level of risk and may not be suitable for all investors.
Before deciding to trade the products offered by XM.com, potential traders are advised to carefully consider their investment objectives, financial situation, needs, and level of experience before investing money they cannot afford to lose.
XM.com warns that margin trading involves the potential for profit as well as the risk of loss and that movements in the price of foreign exchange and commodities are very unpredictable, hence XM.com cannot guarantee a maximum loss that a trader may suffer, according to research in South Africa.
XM Risk Management
XM is a forex and CFD broker that prioritizes risk management and has various risk management tools and features in place to help traders mitigate potential risks in their trading activities. Here are some of the risk management features that XM provides:
Negative balance protection: XM offers negative balance protection, which means that clientsβ accounts cannot go below zero, ensuring that traders do not lose more than their account balance.
Stop Loss and Take Profit orders: Stop Loss and Take Profit orders are important risk management tools that allow traders to limit potential losses and lock in profits. XM allows clients to place Stop Loss and Take Profit orders on all of their trades.
Margin Call and Stop Out levels: XM has predefined Margin Call and Stop Out levels to help protect traders from the risk of significant losses. If a clientβs account equity falls below the Margin Call level, the client will receive a notification to deposit additional funds. If the account equity falls below the Stop Out level, some or all of the clientβs positions will be automatically closed to prevent further losses.
Leverage and Margin: XM offers flexible leverage options, ranging from 1:1 to 888:1, which allows clients to choose a level of leverage that suits their trading style and risk tolerance. XM also provides margin requirements that help ensure that clients have enough equity in their accounts to cover their open positions.
Education and Analysis: XM provides a variety of educational resources and market analysis tools to help traders make informed decisions and manage their risks effectively. This includes webinars, seminars, trading guides, market news, and economic calendars.
Overall, XMβs risk management tools and features are designed to help clients minimize potential losses and protect their trading capital. However, itβs important for traders to also understand and practice good risk management strategies, such as diversification and proper position sizing, to further mitigate potential risks.
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Frequently Asked Questions
What is the cost of trading with XM.com?
The cost of trading with XM.com is a minimum deposit requirement of only $5 / ZAR77 at the current exchange rate at the time of writing.
Does XM.com have Volatility 75 trading?
No. XM.com does not have Volatility 75 trading
Does XM.com have Nasdaq?
Yes, Nasdaq is offered as cash and futures CFDs.
Is XM.com a scam or fake?
XM.com cannot be regarded as a scam or fake as it is regulated by several top-tier financial authorities ASIC, FCA, and CySEC. Trust Score is 84/99.
Is XM.com safe and secure?
Yes, XM.com is 100 % safe and secure.
4.6/5 - (30 votes)
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